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Tesla Shares Rally Nearly 60% Over Seven Straight Sessions
- Credit Suisse raises to hold, sees better competitive position
- Crisis tests legacy automakers’ commitment to electrification
Customers look at Tesla Model S 90D electric vehicles.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
Tesla Inc. shares are poised to mark the biggest seven-day gain since 2013, after Credit Suisse upgraded the electric-car company on Tuesday, saying the coronavirus crisis has handed it an edge over legacy automakers.
Shares of the Model 3 maker rose as much as 14% in New York on Tuesday, putting them on track for a nearly 60% climb in the course of its longest win streak since mid October.